Peter Facinelli and Jennie Garth finalize divorce

“Twilight” actor Peter Facinelli is officially single again after finalising his divorce from actress Jennie Garth.

The stars, who are parents to daughters, Luca, 15, Lola, 10, and Fiona, 6, announced their separation at the beginning of 2012, and Facinelli filed papers to end their marriage in March, citing irreconcilable differences as the reason for the split.

(Photo by Andy Kropa/Getty Images)

On Tuesday a judge formally dissolved their 11-year union, with both parties declining child or spousal support, agreeing instead to fund a mutually accessible bank account for their kids.

The actors also decided against making a formal custody arrangement, vowing to split their time with their daughters evenly, according to TMZ.com.

(Photo by Steve Granitz/WireImage)

Facinelli has already moved on from the broken marriage – he is dating actress Jaimie Alexander, while the former “Beverly Hills, 90210″ star is reportedly romancing rocker Jeremy Salken.